The profitability of power companies hiked sharply

With falling coal prices and steady increase in electricity consumption, the performance of power companies in the second quarter improved significantly. The net profit attributable to the parent of Guangdong Electric Power A in the second quarter will increase by 705.16% to 874.79% from the previous quarter. In the first half of the year, Evergreen Group achieved a substantial increase in net profit attributable to its parent company by 1,427.92% to 1,755.33%. Warning Electric Power received intensive research by institutions. The company said in the survey that as demand for electricity in China increased and coal prices fell, the profits of participating power generation companies are expected to increase steadily in Q3. Experts interviewed said that as higher temperature in various places led more residents and enterprises to use electricity, thermal power will continue to play an important role in ensuring power supply, and the profitability of thermal power companies is expected to continue to improve.